Emerging leader in the cannabis, hemp, and cannabidiol (“CBD”) marketplace Golden Developing Solutions (OTC: DVLP) this morning issued a letter to shareholders from CEO Stavros Triant. According to the update, springing from its success in acquisition of the Where’s Weed platform and subsequent growth, the company is expanding vertically into CBD extraction and production. DVLP has selected a site, located in Colorado, and is in active negotiations with equipment suppliers. The company estimates that, at full capacity, revenue would be in the range of $25 to $35 million. “We are already working closely with two different equipment manufacturers, each of which has committed to working side-by-side with us in a hands-on process as we outfit our facility over the near term,” Golden Developing Solutions CEO Stavros Triant states in the letter to shareholders. “Given the capacity of the extraction equipment we will be installing, we estimate total plant capacity to process between 150-175k lbs of dry hemp flower per year at the facility.”
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About Golden Developing Solutions, Inc.
Golden Developing Solutions (DVLP) is developing an online retail business for cannabidiol (CBD), hemp oil and health/wellness-related products. Through the website of its wholly owned subsidiary, Pura Vida Vitamins, as well as through wholesale and distribution channels, the company offers a broad range of high-quality, price-competitive products, including traditional vitamins, supplements, and CBD-based tinctures, vapes and soft gels, among other products. Merchandise also includes hemp and CBD-related products and additional products focusing on health and lifestyle. Golden Developing Solutions is a development-stage company providing business services and/or products supporting the cannabis industry, in which company intends to make acquisitions in the near future. Currently, 29 states and the District of Columbia have passed laws permitting their citizens to use cannabis for medical and/or recreational purposes. Cannabis has shown encouraging signs as a treatment for various medical conditions and has become increasingly more acceptable to the public and society. For more information, visit the company’s websites at www.PuraVidaVitamins.com and www.WheresWeed.com.
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